Chubb Limited (NYSE:CB) Holdings Cut by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in Chubb Limited (NYSE:CB - Free Report) by 31.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,580 shares of the financial services provider's stock after selling 2,521 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Chubb were worth $1,685,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Brighton Jones LLC lifted its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Chubb in the 4th quarter valued at approximately $205,000. Bank Pictet & Cie Europe AG purchased a new stake in Chubb in the 4th quarter valued at approximately $1,320,000. Proficio Capital Partners LLC lifted its stake in shares of Chubb by 50.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,942 shares of the financial services provider's stock worth $813,000 after purchasing an additional 988 shares during the period. Finally, PFG Advisors lifted its stake in shares of Chubb by 25.1% during the 4th quarter. PFG Advisors now owns 4,193 shares of the financial services provider's stock worth $1,159,000 after purchasing an additional 840 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CB shares. UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company increased their price target on Chubb from $278.00 to $285.00 and gave the stock an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $307.13.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,390 shares of company stock valued at $29,163,135. 0.86% of the stock is owned by insiders.

Chubb Stock Down 1.0%

NYSE CB traded down $2.88 during trading hours on Friday, hitting $277.66. The company had a trading volume of 1,249,414 shares, compared to its average volume of 1,646,171. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a market capitalization of $111.27 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 3.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm's 50 day moving average is $287.42 and its 200 day moving average is $282.25.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, June 13th. Chubb's dividend payout ratio is currently 18.67%.

Chubb declared that its board has approved a share buyback program on Thursday, May 15th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.